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Bank of America Platinum IRA Rates

IRA Options (FDIC Insured)

Enjoy one of our highest interest rates as you save for the future. When you become a Platinum Privileges® client you will qualify for a special Platinum interest rate on any of our IRAs.Footnote 1

  • FDIC insured up to applicable limits
  • The sooner you start, the longer your money has to grow
  • No annual or custodial fees for Bank of America IRAs. Other fees may apply for certain transactions including account closure.Footnote 1

IRAs offer unique benefits and eligibility requirements. You can choose between a Roth or Traditional IRA. If you’re rolling over an existing retirement plan, such as an old 401(k) or an IRA held elsewhere, please call 1.888.827.1812 to open your IRA.

Rates shown as of 04/24/2014.

Hide Featured CD IRA

Combine the return of a CD with the tax advantages of an IRA from Bank of America, N.A.

  • 0.12% APYFootnote 2
  • 12-month termFootnote 2
  • $2,000 minimum opening balanceFootnote 2
  • Available in Roth and Traditional IRAs
  • Automatically renewsFootnote 2
  • Additional deposits accepted at maturity
  • Account access through Online Banking
  • FDIC insured up to applicable limits

Platinum Privileges Rates

TermInterest RateAPYFootnote 2
12 months
0.12%0.12%

Hide Standard Term CD IRA

Tiered rates mean the higher your balance, the more you earn. Combine the return of a CD with the tax advantages of a Standard Term CD IRA from Bank of America, N.A.

  • 0.04% - 0.20% APYFootnote 3
  • Terms from 180 days to 10 years
  • $1,000 minimum opening balanceFootnote 3
  • The more you deposit, the higher your rate
  • FDIC insured up to applicable limits
  • Available in Roth and Traditional IRAs
  • Change terms at renewal or renew at the same term automatically
  • Additional deposits accepted at maturity
  • Account access through Online Banking

Please note: To open IRAs in amounts over $250,000, please visit your local banking center.

Hide Variable Rate CD IRA

Terms from 18 to 23 months. Rates can change at any time.Footnote 4 Make deposits at any time without extending the term. $100 minimum to open.

  • 0.04% APY
  • Terms from 18 to 23 months
  • $100 minimum opening balanceFootnote 4
  • Earn a variable rate of interest over a fixed term
  • FDIC insured to applicable limits
  • Available in Roth and Traditional IRAs
  • Change terms at renewal or renew at the same term automatically
  • Make deposits at any time without extending the term
  • Account access through Online Banking

Platinum Privileges Rates

TermInterest RateAPYFootnote 4
18-23 months
0.04%0.04%

Hide Risk Free CD IRA

Penalty-free withdrawals permitted prior to maturity.Footnote 5 Combine the return of a CD with the tax advantages of an IRA from Bank of America, N.A.

  • 0.08%Footnote 6
  • 9-month termFootnote 6
  • $2,000 minimum opening balanceFootnote 6
  • Withdraw funds prior to the maturity date without CD early withdrawalFootnote 5
  • FDIC insured to applicable limits
  • Available in Roth and Traditional IRAs
  • Automatically renews to another Risk Free CD IRAFootnote 6
  • Additional deposits accepted at maturity
  • Account access through Online Banking

Platinum Privileges Rates

TermInterest RateAPYFootnote 6
9 months
0.08%0.08%

Adding an IRA Account

Online, IRA Accounts may only be opened one-at-a-time. If you continue, we will remove the IRA and add this item to your application.

Choosing "Cancel" will leave your application with its current selections.

Adding an IRA Account

Your currently have some items in your application. Online, IRA Accounts may only be opened one-at-a-time. If you continue, we will remove the other items in your application and add this account.

Choosing "Cancel" will leave your application with its current selections.

Online opening limits

To Open IRAs in amounts of $500,000 and over, please visit your local banking center.

Confirm IRA term and amount

To open this account, choose your term and amount then select Display rates

Online opening limits

To open IRAs in amounts over $250,000, please visit your local banking center.

Confirm IRA term

To open this account, use the dropdown menu to select an IRA term.

Merrill Edge - Bank of America Corporation merill edge

Looking for other ways to invest? Merrill Edge® offers an array of investment solutions as well as tools, articles and videos to help inform your decisions.

Learn more about Merrill Edge®

Platinum Privileges logo Platinum Privileges®

Enjoy the next level of service while getting rewarded for your Bank of America® and Merrill Edge® relationships. The Platinum Privileges® program rewards our valued clients with a higher level of service and extra benefits.

Learn more about Platinum Privileges®